CARBON FIBER IN SPORTS EQUIPMENT MARKET

INTRODUCTION

Sporting goods manufacturers frequently employ carbon fibre because of its outstanding strength, rigidity, and low weight. It is a common option in many sports since it offers significant advantages over conventional materials like aluminum, steel, or fiberglass.

Here are some essential details regarding using carbon fibre in sporting goods: strength-to-Weight Ratio: Composites made of carbon fibre have an excellent strength-to-weight ratio. While being substantially lighter, they have exceptional strength that is on par with or even beyond that of metals like steel. This makes it possible to design sporting equipment that is both durable and portable, improving performance and maneuverability.

Carbon fibre is renowned for having a high degree of stiffness and rigidity. Sports equipment can keep its shape and effectively transmit energy because of its superior deformation resistance. 

Vibration dampening: Carbon fibre composites naturally contain vibration dampening characteristics that can assist lessen the transmission of shocks and vibrations. For athletes utilizing sports equipment like bicycles, tennis rackets, and golf clubs, this can improve comfort and lessen fatigue.

Carbon fibre allows for customization and design freedom since it can be molded and bent into intricate shapes. Customization depending on personal preferences and playing styles is possible because of manufacturers' ability to modify the characteristics of carbon fibre composites to satisfy certain performance needs.

Corrosion Resistance: Unlike metals, which may rust or corrode when exposed to moisture or certain conditions, carbon fibre is extremely resistant to corrosion. As a result, carbon fibre sporting goods are appropriate for usage outside when exposure to moisture, humidity, or perspiration is frequent.

CARBON FIBER IN SPORTS EQUIPMENTMARKET SIZE AND FORECAST

The Global Carbon Fiber In Sports Equipment Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

CARBON FIBER IN SPORTS EQUIPMENT MARKET DYNAMICS

PAN-based carbon fibre, pitch-based carbon fibre, and others are categories of the market. In the market for sporting goods, PAN-based carbon fibre currently holds the biggest market share and is anticipated to continue to hold this position over the projected period.

This is explained by its superior stiffness and strength-to-weight ratio when compared to other fibre types, such glass or aramid fibers. Due to the rising demand for lightweight yet durable sporting goods like hockey sticks, cricket bats, golf clubs, etc.,

sports sticks held the largest application share of the global carbon fibre in the sports equipment market and are anticipated to maintain their dominance during the forecast period. 

Carbon fibre is a substance used in sporting equipment to make it stronger and lighter. A lot of racquets, golf clubs, bicycles, and skis are made from it.PAN-Based: A brand-new substance called PAN-based was created to assist in lightning sporting goods. It contributes to a some reduction in the overall weight of sporting goods. Carbon fibre, a long-used material, is the primary ingredient of pitch-based products.

Pitch-Based: A brand-new substance called pitch-based was created to assist lighten sporting goods. It contributes to some reduction in the overall weight of sporting goods. Carbon fibre, a long-used material, is the primary component of pitch-based products.

It has been in use for a long time. However, it took decades for university researchers to figure out a way to make carbon fibre that was both high-quality and inexpensive.

Application Perspectives: Sports sticks, rackets, skis, snowboards, and other items are the main application categories in the global market for carbon fibre in sporting goods. Golf clubs, badminton rackets, shuttlecocks, and fencing foils are among the additional uses. 

In terms of revenue, the other group represented almost 20% of all applications globally. Due to their great strength-to-weight ratio, which makes them the ideal material for use in stunts or illusions, these items are increasingly being used in non-sports activities such stage performances by dancers or acrobats.

 Regional Analysis: Due to the rising demand for carbon fibre in a variety of sports equipment applications, Asia Pacific is predicted to be the fastest-growing regional market.

Due to increasing disposable income and a growing population, particularly in China and India, the area is anticipated to have tremendous growth. Government programmes that support sporting activities are also anticipated to have a positive effect on industry growth throughout the projection period.

The likelihood that the market may move into oligopoly is one of the most recent market trends. The market is very oligopolistic, with certain segments experiencing monopoly or duopoly due to ownership of the manufacturing technology and substantial R&D expenses.

Due to their well-known brands, TEIJIN and SGL Group have had an absolute monopoly in the majority of markets in developed nations. However, they are now experiencing increasing competition from firms like Cytec Solvay, Hexcel, Mitsubishi Rayon, and Toray Industries. 

Sports equipment producers and market vendors both contribute significantly to the industry's expansion. Most nations are anticipated to see an increase in competition, which should benefit end users and lead to a growth in the market.

The increased usage of lightweight carbon fibers in the production of sports sticks and rackets, per the study, is one of the key market drivers. Due to its cutting-edge qualities like light weight, a high strength to weight ratio, increased resistance, and stiffness, carbon fibers are highly favored for the production of sporting goods like sports sticks and rackets. Golf club shafts made of carbon fibers are frequently used because they allow for a better swing.

THIS CARBON FIBER IN SPORTS EQUIPMENT MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many carbon fiber in sports equipment are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a  Global  carbon fiber in sports equipment and key vendor selection criteria
3. Where is the  carbon fiber in sports equipment manufactured? What is the average margin per unit?
4. Market share of Global carbon fiber in sports equipment market  manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global  carbon fiber in sports equipment in-house
6. 5 key predictions for next 5 years in Global  carbon fiber in sports equipment market
7. Average B-2-B  carbon fiber in sports equipment market price in all segments
8. Latest trends in  carbon fiber in sports equipment market, by every market segment
9. The market size (both volume and value) of the carbon fiber in sports equipment market in 2024-2030 and every year in between?
10. Production breakup of carbon fiber in sports equipment market, by suppliers and their OEM relationship